Financial stability can make or break any business. In a condo association, there’s even more at stake: the success of your community, and the safety of your homeowners. But many communities face long-term deferred maintenance pitfalls when it comes to budgeting. After enough years of ignoring growing problems, not even special assessments can counteract the neglect and danger threatening the community.
When increasing cash flow is no longer a strong enough solution, it’s time to consider new alternatives. Community association loans are an often-unexplored option for many communities struggling to stretch their every dollar. Loans can be used for:
- Capital repairs
- Capital improvements
Submit this form today to inquire about your community’s loan options.
Request Collection Services For Your Association
Delinquency is a fact of life for every condo association. But when it comes to handling collections, it’s important to know what rights need to be respected–not only the rights of the delinquent homeowners but the rights of the community association as well.
Traditional collection methods are often ineffective, costly, and result in foreclosure. But this is not the only way.
Choosing a condo-specific collections agency gives your community association a stronger chance of being made whole without having to make your neighbors homeless, or waste buckets of cash on expensive, unnecessary attorney fees.
Submit the form below to connect with a community association collections expert for a no-cost, no-risk consultation: